Indonesian Deals Hitting Snags

Indonesia's deal boom is showing signs of fizzling, at least for foreign investors, with Rabobank's sale of its Indonesian subsidiary the latest to stall.

The Dutch lender's efforts to sell Rabobank International Indonesia, which is valued at as much as $400 million, have been stymied by a new Indonesian regulation that limits a foreign investor to a 40% initial stake in any domestic bank, people familiar with the matter said....